Teck CEO Unloads on Shipper With Gripes About Costs and Cargo
- Teck CEO Lindsay makes charges at conference in Alberta
- Westshore Terminals Investment disputed Teck’s claims
Photographer: Andrew Harrer/Bloomberg
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A rift between between Teck Resources Ltd. and the company it uses to export its coal widened as the Vancouver-based miner publicly accused the shipper of charging too much and contaminating some freight.
The head of Teck, already shifting some steel-making coal freight away from Westshore Terminals Investment Corp., said on Wednesday that the export facility had contaminated “dozens” of shipments. Teck was forced to build its own terminal quickly, before a permit lapsed and its contract with Westshore expired, which drove up capital costs, according to Chief Executive Officer Don Lindsay.